27 August 2014 Insurance

RSA continues with disposal strategy

Insurer RSA will continue on with its disposal strategy as it focuses on four key areas – the UK& Ireland, Scandinavia, Canada and Latin America – while putting all other regions under review.

In its business review in February, the insurer added that it is expecting to make more disposals over the next 12-18 months.

Last week, August 21, Allied World announced it was set to acquire the Hong Kong and Singapore operations of the insurer for approximately $215 million.

The insurer also sold its shareholding in Canadian broker Noraxis Capital to Arthur J. Gallagher for $460 million, its Sun Alliance Insurance (China) business to Swiss Re Corporate Solutions for £71 million and its Easter European operations to PZU, Poland’s largest insurer.

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